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Wholesale inflation crashes to 21-month low of 5.85% in November The drop in wholesale inflation comes two days after statistics ministry data showed the more Consumer Price Index (CPI) inflation fell far more than expected to 5.88 percent in November India's wholesale inflation fell to a 21-month low of 5.85 percent in November, according to data released by the commerce ministry on December 14. At 5.85 percent, the latest Wholesale Price Index (WPI) inflation figure is a huge 470 basis points lower...

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Govt will work to further bring down inflation: Nirmala Sitharaman in Lok Sabha

-PTI/ The Telegraph Experts say a high base of last year and some easing in food prices also worked in favour of the November 2022 Wholesale Price Index The wholesale price-based inflation fell to a 21-month low of 5.85 per cent in November as prices of food, fuel and manufactured items softened. The WPI (Wholesale Price Index) based inflation has been on a declining trend since May and came down to single digit...

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What is in store for India’s imports?

There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...

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Stay watchful: On October inflation data

-The Hindu Policymakers can ill-afford to drop their guard in the fight against inflation October’s inflation data point to a welcome softening in price gains that should offer some succour to monetary policy authorities, who have been battling to rein in runaway inflation since the beginning of this year. Retail inflation, or price gains based on the Consumer Price Index, slowed to 6.77% last month, from September’s 7.41%, aided by an appreciable...

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Wholesale Price Inflation Eases To 8.39% In October, Lowest Since March 2021 Wholesale price-based inflation (WPI) eased in October to 8.39 per cent year-on-year, the lowest since March 2021. Wholesale price-based inflation eased in October to 8.39 per cent year-on-year, compared to 10.70 per cent in September, helped by a fall in commodity prices, government data showed on Monday. Declining for the fifth consecutive month, that Wholesale Price Index (WPI) reading is the lowest since March 2021 and below a double-digit rise for the...

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